Successfully Convert in 3 Easy Steps
Answer a few simple questions
Provide us with your business details
Upload required documents
Opt for a convenient payment option
Let us do all the filing work
PAN and TAN Numbers
Limited Liability Partnership deed drafting
Your LLP is registered
100% satisfaction is guaranteed
Best in class customer care support
Main Advantages of Converting from Private Limited Company to LLP
Be a Part of PM Modi's vision for Startup India and claim subsidies, register Patents & get on list of VCs / PE's for Funding
Limited Liability of each Shareholder (Owner) to the extent of capital, thus protection of your personal assets.
Distribution of Post Tax profits to partners with no additional tax liability. Hence, creation of Individual Partners Net Worth is greater
Frequently Asked Questions
A limited liability partnership can be started with any amount of capital. A partner's tangible or intangible assets can be counted as a benefit to the LLP.
To incorporate a Limited Liability Partnership, a minimum of two people are required. A Limited Liability Partnership must have a minimum of two Partners and can have a maximum of any number of Partners.
The Designated Partners needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India.
For Indian citizens, a PAN card is required. Address proof and identity proof is also mandatory. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
Legalwiz.in can incorporate a Limited Liability Partnership in 14-20 days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your LLP and ensure you have all the required documents prior to starting the incorporation process.
LLPs are required to file an annual filing with the Registrar each year. However, if the LLP has a turnover of less than Rs.40 lakhs and/or has a capital contribution of less than Rs.25 lakhs, the financial statements do not have to be audited.
Yes, a NRI or Foreign National can be a Designated Partner in a Limited Liability Partnership after obtaining Designated Partner Identification Number. However, at least one Designated Partner in the LLP must be a Resident India.
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Conversion of private limited company to LLP is beneficial as it brings with it lots of tax benefits. LLP are taxed like general partnership firm, they are exempted from surcharge. Opting for LLP saves lot of maintenance cost. We at LegalWiz.in provide online assistance to convert your Private Limited Company into a Limited Liability Partnership. We guarantee highest quality standard backed by 100% customer satisfaction. Our qualified team of legal professionals, chartered accountants and company secretaries are always available to assist you with all the legal and administrative aspects of the registration, drafting and conversion of Private Limited Company to a Limited Liability Partnership and post registration aspects that are required to be fulfilled to convert Private Limited Company to an LLP. To change from Private Limited Company to Limited Liability Partnership you would be required to follow certain quick and easy steps and provide LegalWiz with the required documents and we would convert your Pvt. Ltd Co. to LLP. Subject matter experts are available on call or via email to answer your queries. We also provide a full spectrum of post conversion services related to SSI/MSME Registration, GST Registration, Service Tax Return Filing, TDS Return Filing, Trademark Registration, objection, assignment & renewal, Copyright registration, Bookkeeping, Legal Drafting, Accounting, Import Export Code registration etc. We offer services through an online model and a network of trusted affiliates across all major cities in India including Mumbai, Delhi, Ahmedabad, Pune, Bangalore, Hyderabad, Vadodara, Kolkata, Chennai, Noida, Gurgaon, Surat, Rajkot and others.